Group 1: Oil Market Reaction - On January 15, international oil prices experienced a significant drop, with WTI crude oil futures falling over 5% and Brent crude oil futures declining nearly 5% [1][3] - The decline in oil prices is attributed to a shift in Trump's stance regarding military action against Iran, leading to increased uncertainty in the market [3] Group 2: Silver Market Volatility - On January 15, the price of London silver dropped sharply from $93 per ounce to $86.5 per ounce, with a peak decline of 7%, before recovering by the end of the trading session [4] - The volatility in silver prices is linked to a U.S. announcement regarding the delay of new tariffs on critical mineral imports, which has heightened market speculation and contributed to price fluctuations [9][10] - The silver market has been in a state of supply-demand imbalance for five consecutive years, with expectations of continued supply shortages in the current year [10] Group 3: Gold ETF Trends - The World Gold Council reported that global gold ETFs saw inflows of $89 billion in 2025, with total assets under management reaching $559 billion, marking record highs [7] - In December 2025, gold ETFs experienced inflows of approximately $10 billion, contributing to a total holding of 4,025 tons, also a historical peak [7]

Core Insights - The article analyzes the supply and demand dynamics of precious metals, specifically gold, silver, platinum, and palladium, to determine which metal is the most valuable in the current market [1] Group 1: Supply and Demand Analysis - Gold remains the most sought-after precious metal, driven by its status as a safe-haven asset and its demand in jewelry and investment sectors [1] - Silver is experiencing increased industrial demand, particularly in electronics and solar panels, which is contributing to its price stability [1] - Platinum's demand is primarily influenced by the automotive industry, particularly for catalytic converters, while palladium has seen a surge in demand due to stricter emissions regulations [1] Group 2: Market Trends - The article highlights that gold prices have shown resilience, with fluctuations primarily influenced by geopolitical tensions and inflation concerns [1] - Silver prices have been more volatile, reflecting its dual role as both an industrial metal and an investment asset [1] - Platinum and palladium prices are expected to remain high due to ongoing supply constraints and increasing demand from the automotive sector [1]